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MIL OSI Translation. Region: Germany / Deutschland –

Source: BMW GroupBerlin / Munich / Stuttgart. The BMW Group and Daimler Mobility AG are bringing the business-to-business (B2B) and business-to-government (B2G) business of their joint subsidiary moovel Group GmbH to Mobimeo GmbH, a wholly-owned subsidiary of the Germans Bahn AG, a. At the same time, the two shareholders are consistently focusing the moovel Group’s market presence on the existing offering with the multimodal REACH NOW platform for end customers (B2C).

As a partner of cities, transport companies and transport associations, as well as with its own REACH NOW app, the moovel Group has been supporting the transformation of mobility in urban areas for years. To date, moovel has been active in both the B2B and B2G and B2C sectors.

Mobimeo is now taking over the B2B / B2G division of the moovel Group, which develops mobility platforms for municipalities and transport associations. The software solutions are made available to the partners online (“Software-as-a-Service”). In the course of the integration, around 75 employees will switch from the moovel Group to Mobimeo GmbH – both companies are based in Berlin.

Faster scaling of multimodal platforms for public transport

The bundling of competencies in Mobimeo GmbH enables faster scaling in the public transport sector under the strategic management of Deutsche Bahn. As part of the transaction, the BMW Group and Daimler Mobility AG take a minority stake in Mobimeo GmbH.

John David von Oertzen, previous CEO of the moovel Group, will head the business of Mobimeo GmbH with immediate effect. Karsten Nagel will take over management of moovel Group GmbH – in addition to his previous role as CFO. The existing B2C business – known to customers as the REACH NOW app – will remain in the moovel Group.

“Moovel was one of the first companies worldwide to develop multimodal mobility platforms and do pioneering work. Moovel’s expertise strengthens the technological competence of Deutsche Bahn. We are sure that the users will benefit from this partnership and look forward to helping shape this path as a minority shareholder, ”said Stephan Unger, Chief Financial Officer of Daimler Mobility AG for Finance and Controlling, Risk Management and Digital Mobility Solutions responsible for.

“The digitization of public transport is gaining momentum at Deutsche Bahn subsidiary Mobimeo. This brings us one step closer to our common goal of offering a wide range of user-friendly mobility services in urban areas. We are pleased to have found the right partner in this area in Deutsche Bahn ”, says Rainer Feurer, Divisional Manager Investments of the BMW Group.

“People increasingly expect integrated offers and full flexibility in the use of rail, bus, bike or car sharing from public transport apps. Together with our industry partners, we are now pushing both of these things even more strongly. With the integration of moovel, we are taking the next big step towards the Deutschlandticket and promoting the mobility transition towards more climate protection, ”says Berthold Huber, DB Board Member for Passenger Transport.

YOUR NOW Joint Ventures continue with a clear upward trend

After the COVID-19-related decline in transactions in March and April 2020, the YOUR NOW companies continue to show a clear upward trend: The significant increase in usage figures that has been recorded since May 2020 continued in the third quarter. At the same time, all YOUR NOW companies are consistently working on the further expansion of their activities: The mobility provider FREE NOW is promoting the development of multimodal mobility offers as planned: In addition to taxis and rental cars with drivers, users in selected cities have been able to use e-scooters since May 2020 and since the third quarter of 2020 also book and pay for e-bikes and car sharing offers via the app. The free-floating car sharing provider SHARE NOW has expanded its long-term rental offer across Europe since April 2020 and has thus been able to significantly increase its occupancy. PARK NOW, the world’s leading provider of digital and stress-free parking, offers access to public parking spaces on the roadside and parking garages in over 1,100 cities worldwide. CHARGE NOW already enables access to 85 percent of the European charging network in 30 European markets and achieves a market coverage of 98 percent in Germany.

Contact person: Daimler Mobility AG: Michael Kuhn, +49 160 861 4768, michael.m.kuhn@daimler.com

BMW Group: Dr. Britta Ullrich, +49 151 601 18 364, britta.ullrich@bmw.de

Further information from Daimler is available on the Internet: www.media.daimler.com and www.daimler.com

This document contains forward-looking statements about our current assessment of future events. Words such as “anticipate”, “assume”, “believe”, “estimate”, “expect”, “intend”, “can / could”, “plan”, “project”, “should” and similar expressions identify such forward-looking statements . These statements are subject to a number of risks and uncertainties. Some examples of this are an unfavorable development of the global economic situation, in particular a decline in demand in our most important sales markets, a deterioration in our refinancing options on the credit and financial markets, inevitable events of force majeure such as natural disasters, acts of terrorism, political unrest, armed conflicts, industrial accidents and their subsequent effects on our sales, purchasing, production or financing activities, changes in exchange rates, a change in consumer behavior in the direction of smaller and less profitable vehicles or a possible loss of acceptance of our products and services with the consequence of an impairment in the implementation of prices and in the utilization of production capacities, price increases for fuels and raw materials, interruptions in production due to material shortages, workforce strikes or suppliers Bankruptcies, a decrease in the resale price of used vehicles, the successful implementation of cost reduction and efficiency enhancement measures, the business prospects of the companies in which we hold significant investments, the successful implementation of strategic cooperations and joint ventures, changes in laws, regulations and official guidelines, in particular insofar as they relate to vehicle emissions, fuel consumption and safety, as well as the conclusion of ongoing official investigations or investigations initiated by authorities and the outcome of pending or threatened future legal proceedings and other risks and imponderables, some of which are described in the current annual report under the heading »Risk and Opportunity Report« are. Should one of these factors of uncertainty or one of these imponderables materialize or should the assumptions underlying the forward-looking statements prove to be incorrect, the actual results could differ materially from the results stated or implicitly expressed in these statements. We neither intend nor assume an obligation to continuously update forward-looking statements, as these are based solely on the circumstances on the date of publication.

Daimler Mobility at a glance In addition to Mercedes-Benz AG and Daimler Truck AG, Daimler Mobility AG represents one of the three divisions of Daimler AG and, with around 13,000 employees, specializes in financial and mobility solutions. As a financial service provider, the division supports the sales of the Daimler Group’s automobile brands worldwide. As part of the Daimler Mobility division, Mercedes-Benz Bank AG is one of the leading automotive banks in Germany. It offers around one million customers financial leeway through financing, leasing and renting vehicles as well as in direct banking through overnight money and fixed-interest accounts. The Mercedes-Benz Bank also arranges insurance and credit cards. With its subsidiary Athlon, Daimler Mobility is present in operational fleet management and vehicle leasing in Europe and is responsible for more than 400,000 vehicles. As a strategic investor, Daimler Mobility also participates in the business potential of digital mobility solutions through investments. The focus is on participation in the YOUR NOW joint ventures, which are divided into the three pillars FREE NOW & REACH NOW, SHARE NOW and PARK NOW & CHARGE NOW solutions for ride-hailing, multi-modal platforms, car sharing, parking and charging of electric vehicles unite. The portfolio also includes stakes in the StarRides limousine service in China and the chauffeur and concierge provider Blacklane. In 2019, Daimler Mobility financed or leased around 50 percent of the vehicles sold by Daimler worldwide. This corresponds to a contract volume of € 162.8 billion and a fleet of over 5.4 million vehicles. The business area generated sales of € 28.6 billion in 2019 and an EBIT of € 2.1 billion. Daimler Mobility is active in more than 40 countries.

The BMW Group With its brands BMW, MINI, Rolls-Royce and BMW Motorrad, the BMW Group is the world’s leading premium manufacturer of automobiles and motorcycles and a provider of premium financial and mobility services. The BMW Group production network comprises 31 production and assembly sites in 15 countries; The company has a global sales network with representatives in over 140 countries. In 2019, the BMW Group achieved worldwide sales of more than 2.5 million automobiles and over 175,000 motorcycles. Earnings before taxes in fiscal year 2019 amounted to € 7.118 billion and sales to € 104.210 billion. As of December 31, 2019, the company employed 126,016 people worldwide and long-term thinking and responsible action have always been the basis of the BMW Group’s economic success. The company has firmly anchored ecological and social sustainability along the entire value chain, comprehensive product stewardship and a clear commitment to conserving resources in its strategy.

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MIL OSI

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.

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